Market news

Heatmaps

Company Search

Active Energy opens CoalSwitch plant

Mon 12 Feb 2018 08:43

Active Energy, announced Monday that its first commercial CoalSwitch plant in Utah, United States, was officially opened on Friday 9 February 2018.

Active Energy Chief Executive, Richard Spinks, said: 'We are now focused on the next commercial milestones for Active Energy including the global roll-out of CoalSwitch fuel and CoalSwitch production Plants, which have the potential to change the power generation industry.'

'Our products unique properties and its ability to be a direct drop-in fuel to the power industry is a game-changer. The new business opportunities in utilising the CoalSwitch process toward agricultural waste creating engineered soils adds a potential revenue opportunity for Active Energy.'

'Most importantly from an environmental perspective, CoalSwitch's ability to use the waste, residuals and poor-quality lumber generated by timberlands and timber production companies throughout the world in an economical and sustainable way, creates a win-win for all parties.'

At 8:43am: (LON:AEG) Active Energy Group share price was -0.05p at 3.6p

Please be aware of the risks involved. The value of investments and any income from them, can fall as well as rise so you could get back less than you invest. Past performance is no guarantee of future performance. Tax treatment depends on your individual circunstances and may be subject to change. If in any doubt, please seek advice.